Greenwashing a problem for fund management industry, study finds

The boutique asset management think tank, IIMI, carried out the study to gather views on the recent steps taken by the FCA around ESG.  It also found 69% of its membership have welcomed the FCA's proposals on TCFD reporting, although just 41% agreed that TCFD was the best ESG reporting template available.  Just over half of those surveyed said the FCA's guiding principles would help to combat greenwashing, with a further 22% arguing they will be beneficial to fund competition and ESG benchmarking.  Greenwashing tops investors' concerns around ESG The biggest challenge highlighte...